Cox Radio Q2 EPS 20c vs 18c

BrendanJanuary

NEW YORK (CBS.MW) -- Cox Radio
CXR, +0.35%
reported second-quarter earnings of $20.2 million, or 20 cents per share, up from $18.1 million, or 18 cents. The average analyst estimate as polled by Thomson First Call is for earnings of 20 cents. The Atlanta-based radio company's revenue in the second quarter rose 1.4 percent to $116.9 million, mostly due to increases in local revenue. Looking ahead, Cox Radio expects revenue growth in the third quarter and full year to be in the low single digits. Shares of Cox Radio closed Tuesday down 2 cents at $18.06.

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